MPHASIS trade ideas
Wating to break the blue line.If it break the blue line then. Buy :1880. SL: Below 1800 Target : 2100+
Emphasis on Mphasis!NSE:MPHASIS is fundamentally sound midcap IT stock that is working towards multiplying its market cap upto twice than it is today. Consistently increasing sales and profit, the company is promising 'Emerging IT' stock.
LAST CHANCE TO SELL !!!Friends as you can clearly see that the stock has faced multiple resistance from upper trend line i.e resistance trend line. Now It has also broke mini support trend line which was drawn using 30min time frame. Both these points prove that the stock might fall from here.
Mphasis - Range Breakout (Bullish)The stock is trading in a range for a while now. Good volumes have come near the upper band of the range. If the range breakout happens we can see all-time highs in this stock.
STOCK FOR TOMORROW MPHASIS LTD.Good evening dear traders and investors. this stock is showing good move and ready for big move in days to come as per our knowledge. details shared in video kindly go through it. We are sharing our view and this is not any recommendation of tip to anyone.
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MPHASIS , 1hrMPHASIS is in uptrend channel , bounced back from ower trendline.
good opportunity of 8%-10% gain in just few days
PS: Market is news-based now, Fear is there. Keep long positions very light.
All levels are marked.
All analysis are for educational purposes.
MPHASIS for Tomorrow: 3 Months Breakout abv 1788💎Ascending triangle BO already similar bullish BO patterns can be seen in Mindtree, INFY today. High volume spikes can be seen in lower tfs
Channel pattern-Potential up or downsideMphasis has been in the uptrend like most other stocks since December.
The stock has been moving in a channel like pattern since then, between 1500 & 1787 after reaching 52 weeks high.
Expecting a potential breakout downwards since the stock has recently reached 52 weeks high.
RSI is at 60s and shows a downward trend supported by volume.
MPHASISNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
MPHASIS Short...(Importance of Volume Spurt)PDL Act as a resistance
DL Act as a support
Volume spurt happened in 15min candle
SL hunting happened in this above this candle high
RR--1:2 Given
